$BTC It really does come down to the news
We got a classic V-shaped rebound once the bearish news was fully priced in
For Bitcoin, the key level now is whether it can break through 79,000 and hold above it
If it can, we’ll probably see Bitcoin start with an 8 again
Before the election, markets had partly priced in the expectation of a Democratic sweep as a short-term negative for the crypto industry, amid concerns about tighter regulation. Bitcoin therefore came under pressure for a time before the results were announced.
But once the results were in, the “known negative” no longer had any additional impact. The buying that had been held back, together with short covering, drove the rebound. In the options market on election day, about $420 million worth of call options were bought in a concentrated burst—more than twice the previous day’s block-trade volume—directly helping prices recover.#民主党呼吁暂停退休账户数字资产
We got a classic V-shaped rebound once the bearish news was fully priced in
For Bitcoin, the key level now is whether it can break through 79,000 and hold above it
If it can, we’ll probably see Bitcoin start with an 8 again
Before the election, markets had partly priced in the expectation of a Democratic sweep as a short-term negative for the crypto industry, amid concerns about tighter regulation. Bitcoin therefore came under pressure for a time before the results were announced.
But once the results were in, the “known negative” no longer had any additional impact. The buying that had been held back, together with short covering, drove the rebound. In the options market on election day, about $420 million worth of call options were bought in a concentrated burst—more than twice the previous day’s block-trade volume—directly helping prices recover.#民主党呼吁暂停退休账户数字资产
